NOVABRIDGE BIOSCIENCES (NBP) Technical Analysis
NASDAQ:NBP • US44975P1030
Current stock price
NBP Technical Rating and Analysis
Taking everything into account, NBP scores 0 out of 10 in our technical rating. NBP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 100% of all other stocks performed better in the past year than NBP.
- NBP is one of the lesser performing stocks in the Biotechnology industry. 93% of 517 stocks in the same industry do better.
- In the last month NBP has a been trading in the 2.53 - 3.86 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
NBP Weekly and Daily overview Charts
NBP Setup Rating and Analysis
The technical rating of NBP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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NBP Support and Resistance Analysis
2.53
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.40 to 3.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.70 from a horizontal line in the daily time frame.
NBP Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for NBP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NBP is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | NBP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NBP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NBP is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 30.48 | NEUTRAL | The RSI value for NBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NBP has a negative trend. |
| Stochastics (14,3) | 6.13 | OVERSOLD | The low Stochastics value suggests NBP may be oversold. |
| Average True Range in percent/ATR (20) | 11.78 | HIGH VOLATILITY | The high ATR as a percentage value for NBP suggests high volalility. |
| Average Directional Index/ADX (14) | 23.06 | NEUTRAL | The ADX value for NBP suggests a possible start of a new trend. |
NBP Chart- and CandleStick Pattern Analysis
NBP Technicals: Chart, Performance Metrics, Trend & Indicators
2.56
-0.13 (-4.83%)
NOVABRIDGE BIOSCIENCES / NBP TA FAQ
Can you provide the ChartMill technical rating for NOVABRIDGE BIOSCIENCES?
ChartMill assigns a technical rating of 0 / 10 to NBP.
What is the current trend direction of NOVABRIDGE BIOSCIENCES (NBP) stock?
The current trend direction for NOVABRIDGE BIOSCIENCES (NBP) is Bearish.
What is the RSI signal for NOVABRIDGE BIOSCIENCES (NBP) stock?
NOVABRIDGE BIOSCIENCES (NBP) has an RSI value of 30.4757. This indicates that the stock is currently neutral.
What is the MACD signal for NBP stock?
The MACD indicator for NOVABRIDGE BIOSCIENCES (NBP) has a value of -0.0574277, indicating a bearish trend.
What is the support and resistance level for NBP stock?
NOVABRIDGE BIOSCIENCES (NBP) has a resistance level at 3.4. Check the full technical report for our detailed analysis of NBP support and resistance levels.